The premier
fee-based mineral listing service.
Get your free evaluation
Oil and gas investor settles with Chesapeake-based natural gas company
Edward Bass, an oil and gas investor from Texas, and Barnett Shale mineral rights owners settled with Chesapeake Operating, Inc., a natural gas production company.
Almost 4,000 acres in Tarrant County and Johnson County are owned by Bass and the other landowners. Chesapeake has been handling some of those properties since 2007. The lawsuit was based on alleged underpaying of gas and oil royalties and a breaching of contract with the owners.
In the lawsuit filed in 2013, Chesapeake Operating Inc. allegedly violated the agreement to sell, from one company to another, natural gas production. The company also allegedly made wrong deductions from royalty payments to hide expenses for production.
Daniel Charest, who represents the landowner plaintiffs, said, “We’re very pleased that this matter has been resolved… We believe the evidence was compelling on behalf of the property owners”.
If you are a mineral rights owner and aim to settle your property or sell your rights, consult with our team of mineral rights brokers at The Mineral Auction. Call (512) 698-2802 for a more in-depth discussion.
Top-tier mineral listing
service for you
If you’ve been thinking of putting your mineral rights up for sale, or you’re interested in learning more about how much you could potentially get for your interests, then The Mineral Auction is ready to help you.
We’re located in Austin, TX, and because we have connections to thousands of oil and gas royalties and mineral rights buyers, we know that we can get you the best deal if you are looking to sell your mineral rights, whether you’re located in Texas or anywhere else in the U.S.
The Mineral Auction provided me with an invaluable exit strategy when selling a mineral interest that one of my clients had. I’d recommend them to anyone who has the need to create some liquidity.
Blake is excellent. We have used him in numerous family issues and find him always direct and very helpful. He is incredibly informed and our go-to guy.
Blake and I have worked on several deals together and they have always gone off without a hitch. Both parties leave the table satisfied. Highly recommended!
Blake hit it out of the park! He did everything he said he would do, and then some. He far exceeded our expectations within a day! If you are concerned about paying commission or being restricted to a broker – don’t be. He will max out the value of your minerals. I tried to negotiate with several buyers on my own and didn’t come within the same universe.
Blake Bergstrom helped my family negotiate the sale of our mineral rights for our small ranch outside of San Antonio. I found Blake to be very knowledgable about whole process and took the time to answer all our questions. We were very satisified with the transaction and have already recommended Blake and The Mineral Auction to some our friends. Thanks again.
I have mineral rights to natural gas and Blake was excellent in his advice regarding my situation. Thanks a lot for your help!
